COMPANIES ACT 1963 – SECT 218 Avoidance of dispositions of property and transfer of shares after commencement of winding up.

218.—In a winding up by the court, any disposition of the property of the company, including things in action, and any transfer of shares or alteration in the status of the members of the company, made after the commencement of the winding up, shall, unless the court otherwise orders, be void.